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    • Petrogrand: Completes 49% Acquisition of Ripiano Holdings LTD

    — May 20, 2015
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    Petrogrand is pleased to make its first monthly production and operational update.

    The Company has completed the acquisition of 49% of Ripiano Holdings LTD.

    The daily production from Ripiano’s subsidiaries Dinyu LLC and CNPSEI LLC has increased to 1 675 bopd and the Company is reviewing options to further increase production from existing wells.

    Dinyu LLC has announced a tender to drill 6 production wells. The drilling is expected to start in the 3rd quarter 2015.

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